Chelsea,a 22-Year-Old,is Addicted to Heroin

question 71

Multiple Choice

Chelsea,a 22-year-old,is addicted to heroin.She frequently steals items to resell in order to get money to support her addiction.One day she takes her grandmother's $825 Social Security check and signs the grandmother's name on the back.She then gives the check to Freddie,her boyfriend,who agrees to try to cash it.At the bank,the teller becomes suspicious of Freddie when he presents the check.The teller refuses to cash the check and summons the bank security guard.The guard detains Freddie until the police arrive.The most serious offense,if any,Freddie has committed is:

• A)theft because he received property he knew was stolen.
• B)issuance of bad check because the check lacks a valid endorsement.
• C)forgery because he attempted to pass the check as genuine.
• D)none of the above because this is a federal,not state,crime.

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Definitions:

Fixed Overhead

Regular, ongoing costs associated with operating a business that are not directly tied to production levels, such as rent and salaries.

Manufacturing Cost

The total expense incurred in the production of goods, including raw materials, labor, and overhead costs.

Fixed Overhead

Indirect costs of manufacturing that remain relatively constant regardless of the level of production, such as rent, utilities, and salaries of managers.

Normal Production Costs

The typical expenses incurred in the process of producing goods, including direct labor, materials, and overhead.